Friends of the Brighton Library Inc

Analysis

Friends of the Brighton Library Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in January 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Friends of the Brighton Library Inc reported income of $74k and spending of $85k, spending 116% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $52k to $74k (+41%), an average of +41% a year. The sharpest change came in the year to August 2023, when income rose by 41%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Brighton Library Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Bay Area Youth Soccer Inc ($74k), Friends of the Feathered & Furry Wildlife Center Inc ($74k) and Fresh Lemon Health Inc ($74k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 54% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.